Pipeliners

22 July, 2008 - Upstream OnLine - Russia's Stroitransgaz has won a $418 million contract to build a gas pipeline across the United Arab Emirates, the UAE's Dolphin Energy said in a statement released today. Stroitransgaz beat Italy's oilfield services company Saipem and Greece's Consolidated Contractors International to the contract. Dolphin shortlisted the three companies for the contract to build the 240 kilometre (150 mile) pipeline earlier this month. Work on the pipeline will begin this quarter, Dolphin said. Dolphin imports gas to the UAE from Qatar. The new pipeline will allow it to pump gas from the emirate of Abu Dhabi on the Gulf coast to the east coast emirate of Fujairah on the Gulf of Oman. The gas will feed a new power and water desalination plant in Qidfa, Fujairah. Mubadala Development Company, run by the government of the emirate of Abu Dhabi, owns 51% of Dolphin. France's Total and US independent Occidental Petroleum each hold 24.5% stakes. Dolphin in December awarded a contract worth over $200 million to supply steel for the pipeline to Germany's Salzgitter .